SunEdison filed with the U.S. Bankruptcy Court a motion for entry of an order authorizing and approving its entry into a settlement agreement with BCPG PLC. The motion explains, “On January 29, 2016, the Sellers (each of which is a Debtor) and the non-Debtor SunEdison Affiliates entered into that certain Asset Purchase Agreement with the…

Kahle Automation filed with the U.S. Bankruptcy Court an objection to Unilife’s (1) key employee retention plan; (2) motion for bidding procedures in connection with the sale of substantially all of the Debtor’s assets, asset purchase agreement between the Debtors and the successful bidder and sale of substantially all of the Debtor’s assets and (3)…

The U.S. Bankruptcy Court approved the motion of BioNitrogen Holdings’ Debtor affiliate 4A Technologies for an order authorizing the sale of substantially all of its assets, free and clear of liens, claims, encumbrances and other interests; approving the purchase agreement for such sale and granting the purchaser the protections afforded to a good faith purchaser….

Ernst & Young, Performance Sports Group’s Court-appointed monitor in the Canadian proceedings, filed with the U.S. Bankruptcy Court an eighth report, which states: “Providing the Canadian Court with information regarding the restructuring proceedings to date and the Debtors’ requests for an extension of the stay of proceedings granted in favor of the Debtors in the…

Dakota Plains Holdings filed with the U.S. Bankruptcy Court a Joint Plan of Liquidation and related Disclosure Statement. According to the Disclosure Statement, “[T]he Debtors conducted an auction of substantially all of their assets on January 23, 2017. BioUrja Trading, LLC (the ‘Purchaser’) provided the highest and best bid in the amount of $10.850 million….

Implant Sciences filed with the U.S. Bankruptcy Court a monthly operating report for March 2017. For the month, the Debtors reported an $1.9 million net loss on zero net revenue and $384,436 in total reorganization expenses, $353,461 in professional fees and $19,184 in administrative expenses. Cash at the beginning of March 2017 was $74.6 million…

The U.S. Bankruptcy Court issued an order to show cause regarding the appointment of a patient care ombudsman for the Adeptus Health’s case. The order states, “The Court shall order the appointment of a patient care ombudsman within 30 days after the commencement of the case, unless the Court finds that the appointment of such…

Azure Midstream Partners’ interested party Wampanoag Capital filed with the U.S. Bankruptcy an objection to Debtor’s disclosure statement related to the Plan of Liquidation. The objection asserts, “On March 15, 2017, this Court approved a sale of substantially all of the Debtors’ assets to BTA Gathering LLC for a purchase price of $189 million. Net…

Ciber filed with the U.S. Bankruptcy Court a motion for entry of an order approving the Debtors’ key employee incentive plan (KEIP) and key employee retention plan (KERP). The KEIP, KERP motion explains, “Under the proposed KEIP, the KEIP Participants would be eligible to receive an incentive payment (the ‘KEIP Payment’) corresponding to the incremental…

2017 Bankruptcies by Industry

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